89
89
Oct 4, 2016
10/16
by
BLOOMBERG
tv
eye 89
favorite 0
quote 1
fed's loretta mester tells us
fed's loretta mester tells us
60
60
Oct 4, 2016
10/16
by
BLOOMBERG
tv
eye 60
favorite 0
quote 0
loretta mester thanks so. a case -- thanks so. a case for a hike. should rising populism -- rising populism is a threat. we are going to speak to the chief economist and it back on the markets, deutsche bank is trading after yesterday's holiday in germany. it close higher at this point. this is bloomberg. ♪ caroline: welcome back to "on the move." a slightly jury frankfurt as we have all eyes in anticipation of how the two bank will open today. -- of how deutsche bank will open today. you.tte: caroline, thank pimco says too many fund managers are getting their hedges wrong and undermining pension returns. the firm says many managers are using uniform currency protection for each asset class while ignoring opportunities to benefit from the way some exchange rates correlate with riskier assets. pimcoays it is using -- says it is using a currency by currency approach. abb says it will keep its division inc. continue the transfer mission. it has been calling for the firm to offset business. abb announced it will buy back $3 billion of shares over the
loretta mester thanks so. a case -- thanks so. a case for a hike. should rising populism -- rising populism is a threat. we are going to speak to the chief economist and it back on the markets, deutsche bank is trading after yesterday's holiday in germany. it close higher at this point. this is bloomberg. ♪ caroline: welcome back to "on the move." a slightly jury frankfurt as we have all eyes in anticipation of how the two bank will open today. -- of how deutsche bank will open...
35
35
Oct 4, 2016
10/16
by
BLOOMBERG
tv
eye 35
favorite 0
quote 0
laura mester that's loretta mester says the u.s. is right -- loretta mester says the u.s. is ripe for a rate hike. michael fuchs, we'll ask him about brexit in the future of the german banking sector. plus, brexit, what really happened? we get an insider view. we will speak to david cameron's former director of communications, craig oliver. this is bloomberg. ♪ francine: welcome back to "the pulse." let's get straight to the bloomberg business flash with nejra cehic. nejra: which a bank shares are trading higher after yesterday's holiday in germany. -- deutsche bank's shares are trading higher after yesterday's holiday in germany. meanwhile, jpmorgan ceo jamie dimon told cnbc that no reason deutsche bank cannot overcome its issues. pimco says too many fund managers are getting their hedges wrong and undermining pension returns. many managers are+++ currency protections for each asset class while ignoring the opportunity to benefit the way some extent rates correlate with moves in riskier assets. it says it is using a currently by currency approach and so far the outcome
laura mester that's loretta mester says the u.s. is right -- loretta mester says the u.s. is ripe for a rate hike. michael fuchs, we'll ask him about brexit in the future of the german banking sector. plus, brexit, what really happened? we get an insider view. we will speak to david cameron's former director of communications, craig oliver. this is bloomberg. ♪ francine: welcome back to "the pulse." let's get straight to the bloomberg business flash with nejra cehic. nejra: which a...
71
71
Oct 4, 2016
10/16
by
BLOOMBERG
tv
eye 71
favorite 0
quote 0
that is on the back of that kind of perception that the central ma --and loretto loretta mester suggests that things are in flux. mumbai has been trading for 20 minutes and we are waiting for the r.b.i. decision. the hang seng is flat. but the topix is saying another day of gains on the back of weaker yen. exporters are getting a left. east, itin the middle is just two hours away from the opening of the emirates markets. that would be at 10:00 a.m. local time. this is the picture that took place -- overall a negative one. dubai down almost 2%. the sentiment is being driven by what is happening in saudi arabia. sincearket at its lowest march 20, 2011 as a result of the regulatory changes. on the whole, the question is how many of these companies have exposure to what is the region's largest economy. and then you have the other side of the gcc and middle east performance and that is what is happening in egypt on the back of expectations of a devaluation being imminent. stocks are soaring on the back of that. let us check in on the first world headlines around the world. ahead. auto sales c
that is on the back of that kind of perception that the central ma --and loretto loretta mester suggests that things are in flux. mumbai has been trading for 20 minutes and we are waiting for the r.b.i. decision. the hang seng is flat. but the topix is saying another day of gains on the back of weaker yen. exporters are getting a left. east, itin the middle is just two hours away from the opening of the emirates markets. that would be at 10:00 a.m. local time. this is the picture that took...
197
197
Oct 7, 2016
10/16
by
CNBC
tv
eye 197
favorite 0
quote 1
he has a special guest on set. >> let's bring in loretta mester. she's the president of the cleveland federal reserve. >> thanks for having me. >> is this a good number? >> it's a solid number. >> how do you come to that conclusion? >> remember 75,000 to 120,000 per month is about what you need to keep unemployment stable. >> and you come to that because that's the growth of the working age population. >> that's a number above that. you've seen solid labor market number consistently this year. i would say. i mean, we're 192,000 i think you said -- >> the three-month average. >> which is a solid number. the unemployment rate is about at what my estimate of full employment is. you know, natural rate of unemployment. that's a good number. you've got incomes going up. you have solid hours worked. again, i think this is consistent with what we expected to see. certainly with my forecast. >> but we have this number which you acknowledge is double the growth of the working age population yet the unemployment rate doesn't decline. this is exactly the viewp
he has a special guest on set. >> let's bring in loretta mester. she's the president of the cleveland federal reserve. >> thanks for having me. >> is this a good number? >> it's a solid number. >> how do you come to that conclusion? >> remember 75,000 to 120,000 per month is about what you need to keep unemployment stable. >> and you come to that because that's the growth of the working age population. >> that's a number above that. you've seen...
79
79
Oct 4, 2016
10/16
by
BLOOMBERG
tv
eye 79
favorite 0
quote 0
view,ke loretto mester's very different from boston, the people in the middle. the 10 year yield calls of various houses where barclays completely disagrees with steve major at hsbc. it's amazing the jumble that everybody is faced with. it speaks to the jumble we are going to see in washington at the imf meetings today. the moment the 10 year yield is at 164. tom: by definition you would have to have further weakness. much more from the imf. tom will be interviewing the fund's chief economist next. this is bloomberg. ♪ vonnie: live from bloomberg world headquarters new york, this is bloomberg. we turned the latest warning from the international monetary fund citing political this court threatening to detail the week of global recovery. tom: with us now is maurice osfeld of berkeley. he is the chief of economic research for the economic monetary fund. congratulations on your world economic out -- outlook. i loved the first sentence of your summary -- in search of strong, sustainable balance and inclusive growth. it's not out there, is it? >> not yet, tom but we
view,ke loretto mester's very different from boston, the people in the middle. the 10 year yield calls of various houses where barclays completely disagrees with steve major at hsbc. it's amazing the jumble that everybody is faced with. it speaks to the jumble we are going to see in washington at the imf meetings today. the moment the 10 year yield is at 164. tom: by definition you would have to have further weakness. much more from the imf. tom will be interviewing the fund's chief economist...
116
116
Oct 4, 2016
10/16
by
BLOOMBERG
tv
eye 116
favorite 0
quote 0
until your interview with loretta mester's, signaling november. >> i was getting ready for that interview. you have to raise the rate now if the economy remains strong, what about november? if the numbers hold up, she will be voting for in november rate hike -- a november rate hike. takegure they can probably that into consideration as a secondary factor. there is no press conference scheduled for november either. would be fed rather wait another month? the rate hike august for december at 61.2%. just a couple weeks ago, they were backed up to 52%. let us jump back into the bloomberg. a simple chart tells the story about the volatility, this rate hike odyssey. chancew there was a 90% of a rate hike coming into the year. fell off.et they have gotten pretty high by midsummer. what do you get, the main jobs report. it is up 38,000. ecb brexit vote, and you go back down to those very low levels again. brexit vote, and you go back down to those very low levels again. we are up to 61%. as our bloomberg intelligence team in the u.s. point out, there is no smooth sailing on these rate hike expect
until your interview with loretta mester's, signaling november. >> i was getting ready for that interview. you have to raise the rate now if the economy remains strong, what about november? if the numbers hold up, she will be voting for in november rate hike -- a november rate hike. takegure they can probably that into consideration as a secondary factor. there is no press conference scheduled for november either. would be fed rather wait another month? the rate hike august for december...
67
67
Oct 3, 2016
10/16
by
BLOOMBERG
tv
eye 67
favorite 0
quote 0
we will be continuing the conversation with loretta mester. hays with fed president loretta mester. let's check on u.s. markets with stocks down about .5% across-the-board. s&p down a little bit more. about 380 stocks on the s&p losing. the 10-year yields have jumped up to 1.4%. fed funds futures up a little bit. oliver: november is a live meeting and the election does not come into it. she will be a dissenter if the data comes in to come in as strong as it has. the dollar index continues to be .25% higher on the day. we have that helping the yen weakness. the two-year yield is at 79 basis points. crude oil is higher on the session. that is helping gold futures. this is bloomberg. ♪ vonnie: this is bloomberg markets. i am vonnie quinn. oliver: i am oliver renick. time for a look at the biggest business stories in the news right now. an experiment by the sec to wrap up trading in small companies is giving fits to electronic traders. they are among big-name brokers it allowsined that competitors to reverse engineer algorithms. the complex code is a secret weapon for profiting from t
we will be continuing the conversation with loretta mester. hays with fed president loretta mester. let's check on u.s. markets with stocks down about .5% across-the-board. s&p down a little bit more. about 380 stocks on the s&p losing. the 10-year yields have jumped up to 1.4%. fed funds futures up a little bit. oliver: november is a live meeting and the election does not come into it. she will be a dissenter if the data comes in to come in as strong as it has. the dollar index...
231
231
Oct 7, 2016
10/16
by
CNBC
tv
eye 231
favorite 0
quote 3
but in a cnbc etta mester says she thinks it is about as good as it is going to get. >> that's a good number. income is going up. you have solid, you know, hours work. so, again, i think this is very consistent with what we expected to see. certainly with my forecast. >> mester who dissented was plain in saying she wants to hike again, but the futures market sees a less than 10% chance of that happening and almost, by the way, up higher now, a 60% chance for that december hike. you're shaking your head like you've seen the market trade that way. >> just a couple of weeks ago was 20 something percent for december. markets almost -- >> the data is behaving. you got a running cnbc rapid update. third quarter rebound. jobs -- get used to 150. the entire viewership by the lapel and say it is not 200. 150 is a very good run rate for an economy where the working age population is growing by just 75. >> i love having marcus here. how many people work at any camping world store on average? >> 50 to 100. >> 50 to 100. multiply that by all your stores. are your store managers saying they're havi
but in a cnbc etta mester says she thinks it is about as good as it is going to get. >> that's a good number. income is going up. you have solid, you know, hours work. so, again, i think this is very consistent with what we expected to see. certainly with my forecast. >> mester who dissented was plain in saying she wants to hike again, but the futures market sees a less than 10% chance of that happening and almost, by the way, up higher now, a 60% chance for that december hike....
199
199
Oct 7, 2016
10/16
by
CNBC
tv
eye 199
favorite 0
quote 2
we heard from mester, she speaks again at 12:45, then george at 3:00 and brainard at 4:00, jim. we're going to bounce this jobs number around quite a bit. >> oh, geez. you know, sometimes there should be nothing to say, but they feel compelled to tell. they feel compelled. it is incredible that the same pieces of data just keep being mulled over by people and it doesn't change anybody's mind. but they do love to talk. what a job. when you're a fed person, you're on tv immediately. i don't know many people that get that luxury. >> when we come back, a look at this morning's movers including why honeywell is in fact slumping this morning. later on jim's exclusive with br brian moynihan of bank of america. we'll talk to jason furman, the chairman of the president's council on economic advisors about the jobs number. we'll keep our eye on break even levels for the week as the three major indices still stand a chance of going positive for the week. we're back in a minute. >>> honeywell's down sharply in the premarket. the industrial conglomerate lowering year end forecast, they cite
we heard from mester, she speaks again at 12:45, then george at 3:00 and brainard at 4:00, jim. we're going to bounce this jobs number around quite a bit. >> oh, geez. you know, sometimes there should be nothing to say, but they feel compelled to tell. they feel compelled. it is incredible that the same pieces of data just keep being mulled over by people and it doesn't change anybody's mind. but they do love to talk. what a job. when you're a fed person, you're on tv immediately. i don't...
99
99
Oct 6, 2016
10/16
by
KQED
tv
eye 99
favorite 0
quote 0
loretta mester said the case would remain compelling to raise in november if data comes in as expected. jeff lacquer said he would have dted because interest rates need to rise. >>> charlie evans, a known dove, said he would be, quote, fine with the december rate hike if data sta firm. friday's repor is the last jobs number before the november meeting. two days aft that meeting comes another jobs report, six days later, a presidential el many believe is both consequel and uncertain enougho stay the fed's hand until december. for "nightly busine" . >>> the international monetary fund is worried about the world's pile of debt that now totals a record $152 trillion. that is 225% of world growth domestic product. according to the imf, slow global growth is making it more difficul to pay off the obligation which it says is a risk to fina >>> in washington, the supreme t heard an insider trading case, which seeks to clarify a very murky area of securities law. and as hampton pearson reports, the eventually outcome could change t way cases are pros >> the high court is being asked to overturn
loretta mester said the case would remain compelling to raise in november if data comes in as expected. jeff lacquer said he would have dted because interest rates need to rise. >>> charlie evans, a known dove, said he would be, quote, fine with the december rate hike if data sta firm. friday's repor is the last jobs number before the november meeting. two days aft that meeting comes another jobs report, six days later, a presidential el many believe is both consequel and uncertain...
70
70
Oct 8, 2016
10/16
by
KQED
tv
eye 70
favorite 0
quote 0
loresta mester says the slow down in job growth does not mean monetary policymakers shou. >> i see that the inflation measures are moving up. we have to be forward-looking. in terms of our two goals, monetary policy goals, it takes -- makes sense to move up the rate another 25 basis points. >> this is the last jobs rept bef the fed's next policy meeting in early november, and today's weaker than expected report decreases the likelihood of a rate hike just one week before the presidenti elections. for "nightly busine" i'm hampton spear pearson in ethan harris joins us to talk more about today's jobs report and what he thinks it will mean for the fed. he's co head of economic global research at bank of america, merrill lynch. to have you with us. i'm want to look at one number with the number, and that was the number of new job seekers who came sort off the bench and into the m that was one of the reasons the unemployme rate went higher, but isn't that really a good sign that people are feeling more optimistic about their job prospects? yeah, i mean, this was a good report. mean, you had
loresta mester says the slow down in job growth does not mean monetary policymakers shou. >> i see that the inflation measures are moving up. we have to be forward-looking. in terms of our two goals, monetary policy goals, it takes -- makes sense to move up the rate another 25 basis points. >> this is the last jobs rept bef the fed's next policy meeting in early november, and today's weaker than expected report decreases the likelihood of a rate hike just one week before the...
57
57
Oct 3, 2016
10/16
by
BLOOMBERG
tv
eye 57
favorite 0
quote 0
kathleen hays will be at the federal reserve bank of cleveland with an exclusive anterview with loretto mester. nejra: some quick breaking news on auto sales. downptember auto sales 7.8%. down 1.8%. adr actually trading in germany tonight as german markets are closed. coming up after the surprised opec announcement last week, can anyone predict where oil prices are going? we will explore in today's quick take. this is bloomberg. ♪ you are watching bloomberg. i am vonnie quinn. nejra: this is your global business report. here is what we are watching. london-based henderson group has agreed to buy janus capital, creating a massive capital money managing business. vonnie: sales picked up in the third quarter. is this mean the company can stick with its ambitious sales forecast? nejra: oil prices are once again on the move after the opec meeting. we will explore the forces behind this trillion dollar market with a quick take. vonnie: a big takeover in the money management business. henderson decided to take over janus. the combined sale will have a market value of $6 billion. henderson's the ceo
kathleen hays will be at the federal reserve bank of cleveland with an exclusive anterview with loretto mester. nejra: some quick breaking news on auto sales. downptember auto sales 7.8%. down 1.8%. adr actually trading in germany tonight as german markets are closed. coming up after the surprised opec announcement last week, can anyone predict where oil prices are going? we will explore in today's quick take. this is bloomberg. ♪ you are watching bloomberg. i am vonnie quinn. nejra: this is...
81
81
Oct 7, 2016
10/16
by
BLOOMBERG
tv
eye 81
favorite 0
quote 0
i think mester was indicating that she would support a rate hike in november, and it could be a possibility. as you said, the politics probably gets in the way of a november move, which makes a december move more likely. the risk of that is that it is contingent on the data continuing to be strong, and we know from experience this year that you can't get a one of the blowout in terms of negative blow out on data, which subsequently is revised. you do not know it at the time and it causes a reaction against making an adjustment on rates. i think there is a risk of holding out for longer. it would have been better going out in september and getting more competence back into the markets of things are improving. yousef: next on the best of "bloomberg markets: middle east, 's thrive toi arabia have dependence on oil -- backfire? this is anchor: over in singapore. i am rishaad salamat. rishaad: china's 18 a group agreed to buy cit aircraft leasing. this business has been bought for $10 billion. this is city area, avalon, will be the biggest chinese earned fleet for rent. a g&a has already announc
i think mester was indicating that she would support a rate hike in november, and it could be a possibility. as you said, the politics probably gets in the way of a november move, which makes a december move more likely. the risk of that is that it is contingent on the data continuing to be strong, and we know from experience this year that you can't get a one of the blowout in terms of negative blow out on data, which subsequently is revised. you do not know it at the time and it causes a...
128
128
Oct 7, 2016
10/16
by
CNBC
tv
eye 128
favorite 0
quote 0
numbers are released, don't miss steve liesman's interviews with cleveland president lorett loretta mester, that's at 8:30 a.m. eastern time. >>> still to come, much more on the market action, plus an update on hurricane matthew as it begins to march up the florida coastline. stay tuned, you're watching cnbc first in business worldwide. . >>> welcome back to "worldwide exchange." if you're just waking up, let's get you up to speed on the market action. a bit of selling pressure for u.s. equity future the. not much action ahead of the jobs report. dow futures down about 1 point. same for s&p. selloff yesterday for the dow, s&p finished positive. the nasdaq down 3.6. as for the real action in the currency markets, the british pound has recovered from the overnight losses. that flash crash, fat finger, we don't know what caused it. the pound plunging 6% within minutes. it's recovered, but it is still weaker by almost 2% and hitting new lows that we have not seen in more than 30 years. we'll keep an eye on that. the british stock market is up by 1%. >> the markets are on the move and so is hur
numbers are released, don't miss steve liesman's interviews with cleveland president lorett loretta mester, that's at 8:30 a.m. eastern time. >>> still to come, much more on the market action, plus an update on hurricane matthew as it begins to march up the florida coastline. stay tuned, you're watching cnbc first in business worldwide. . >>> welcome back to "worldwide exchange." if you're just waking up, let's get you up to speed on the market action. a bit of...
66
66
Oct 9, 2016
10/16
by
BLOOMBERG
tv
eye 66
favorite 0
quote 0
one hawk was the cleveland fed president loretta mester. president. she put markets on the alert to brace for tightening in an exclusive interview with bloomberg. >> why dissent? is the economy overheating? >> it is not overheating and i do not think we are behind the curve, but there was a compelling case for taking the gradual step on the path. there is a compelling case for moving the rate up gradually, taking another step on the gradual path. some people think, you want to curtail the expansion? not at all. the reason i think it was appropriate to move up by 25 basis points is that we want a sustainable expansion. moving rates up is consistent with that. >> the first half of gdp barely grew over 1%. does that make you think that the wait could be a little longer? there is a risk of hitting the economy with a rate hike when it is not that strong. >> the first half of the year, growth was 1%. i still think we will see a rebound in the second half. around 2% to 3% in the second half, 2% for the year. my view is that we will be growing a little over t
one hawk was the cleveland fed president loretta mester. president. she put markets on the alert to brace for tightening in an exclusive interview with bloomberg. >> why dissent? is the economy overheating? >> it is not overheating and i do not think we are behind the curve, but there was a compelling case for taking the gradual step on the path. there is a compelling case for moving the rate up gradually, taking another step on the gradual path. some people think, you want to...
30
30
Oct 9, 2016
10/16
by
BLOOMBERG
tv
eye 30
favorite 0
quote 0
later, we will replay our exclusive interview with loretta mester who says it could dictate a november hike. plus, christine lagarde and europe's biggest banks trying to get smaller. the cuts are causing pain. this is bloomberg. ♪ ♪ matt: this is "bloomberg best." i am matt miller. let's continue our global tour in europe with more cutbacks coming in the continent's financial industry. >> ing plans to cut 8500 jobs in -- 5800 jobs in the netherlands and belgium. approximately 3500 jobs cut in belgium over 2016-2021. the cost on the top line will be 1.1 billion euros. the company says it remains committed to progressive dividends. is this the worst case scenario for you? will all jobs be let go over the next five years? >> yes, unfortunately as we invest, and continue to invest, in a digital transformation, and another $800 million we are committing to the strategy, it means less jobs. the important point is we have strong commercial momentum. we are growing profitability. we are growing our roe on the back of increasing capital ratios. we are doing very well. yes, we have to move t
later, we will replay our exclusive interview with loretta mester who says it could dictate a november hike. plus, christine lagarde and europe's biggest banks trying to get smaller. the cuts are causing pain. this is bloomberg. ♪ ♪ matt: this is "bloomberg best." i am matt miller. let's continue our global tour in europe with more cutbacks coming in the continent's financial industry. >> ing plans to cut 8500 jobs in -- 5800 jobs in the netherlands and belgium....
91
91
Oct 3, 2016
10/16
by
BLOOMBERG
tv
eye 91
favorite 0
quote 0
coming up, an interview with cleveland fed president loretto mester. up.et's get you caught it is a first monday in october and that means a supreme court meet in public since june. one seed remains in the after the death of antonin scalia a. . it is the first time that the court has been less at full strength. donald trump resisting pressure to release a tax information about his finances. says theork times republican nominee posted a $960 million loss on his 1995 income tax return. that may have led trump eliminate his federal tax bill for almost two decades. global news 24 hours a day powered by more than 26 journalists in more than 120 countries. this is bloomberg. alix: thank you so much. markets are underpricing risk of a trump victory that could have many market implications as we go forward according to david woo and bank of america. that blue line is the clinton-trump spread. line, they own bonds, funds,. it is not a perfect correlation. in the last two weeks, the red line, when trump was gaining, risk purity funds sold off. david, is this a r
coming up, an interview with cleveland fed president loretto mester. up.et's get you caught it is a first monday in october and that means a supreme court meet in public since june. one seed remains in the after the death of antonin scalia a. . it is the first time that the court has been less at full strength. donald trump resisting pressure to release a tax information about his finances. says theork times republican nominee posted a $960 million loss on his 1995 income tax return. that may...
74
74
Oct 7, 2016
10/16
by
CNBC
tv
eye 74
favorite 0
quote 0
for more clues on the next condition, stay tuned for an exclusive interview with loretta mester at 14::30 cte. >> now come the jackets. >> are you ready for skiing? winter is approaching, is your kit adequate? do you just look the part? will you be warm enough? we'll speak to the ceo of montclair, all of that happening after the break. . >>> welcome back to the show. delta lloyd rejected nn group's 2.4 billion euro takeovered by. the board said the proposal undervalues delta lloyd. >>> amundi reportedly raised the bar in the race to buy pioneer investments. the french asset manager has made a higher than expected $4 billion euro bid for pioneer whose value was previously estimated at 3 billion euros. there are also three other bidders. the post office is now looking for an additional partner to sweeten the offer or good join forces with aberdeen. binding officers are due on november 3rd. and a final decision will be made after it leaves referendum on the 4th of december. >> time to get ready for winter and focus on posh winter outfits as we focus on moncler. it initially produced quil
for more clues on the next condition, stay tuned for an exclusive interview with loretta mester at 14::30 cte. >> now come the jackets. >> are you ready for skiing? winter is approaching, is your kit adequate? do you just look the part? will you be warm enough? we'll speak to the ceo of montclair, all of that happening after the break. . >>> welcome back to the show. delta lloyd rejected nn group's 2.4 billion euro takeovered by. the board said the proposal undervalues...
48
48
Oct 4, 2016
10/16
by
BLOOMBERG
tv
eye 48
favorite 0
quote 0
loretta mester says she saw a compelling case for moving the fed funds rate gradually up from september. >> i don't think we are behind the curve yet. i thought there was a compelling case of taking a gradual step up. the path for the medium path across participants is a gradual path up. we've seen 180,000 jobs added average, this year on which is a pretty good pace. inflation still below our 2% goal. monetary policy has to be forward-looking. there was a compelling case of moving the rate of gradually. there are some people who think you want to curtail the expansion. the reason why it was important to move the rate up is we want a sustainable expansion. consumereek the spending was weak enough that the atlanta cut its gdp tracker down to 2.4%. the first half the gdp barely grew over 1%. maybe the weight could be a little bit longer. when it is really not all that strong yet. >> the first half of the year growth was around 1%. i think around two to 3% in the second half. we are going to be looking over trend over the next two years. that will be strong enough to put some downward press
loretta mester says she saw a compelling case for moving the fed funds rate gradually up from september. >> i don't think we are behind the curve yet. i thought there was a compelling case of taking a gradual step up. the path for the medium path across participants is a gradual path up. we've seen 180,000 jobs added average, this year on which is a pretty good pace. inflation still below our 2% goal. monetary policy has to be forward-looking. there was a compelling case of moving the...
58
58
Oct 3, 2016
10/16
by
BLOOMBERG
tv
eye 58
favorite 0
quote 0
mester of the cleveland indians dissenting 3:15 p.m. this afternoon. this is bloomberg. >> pulling the brexit trigger. he prime minister said she'll invoke article 50 by the end of march next year. >> deutsche bank drama. lender looks to cut 1,000 jobs as it faces fresh charges in italy. for trump.imes he won release any new tax information in response to avoided his ve federal income tax year for almost two decades. welcome to bloomberg. starting to form brexit.the >> these people are believing at the moment. market reaction. in terms of volatility, pound haven't seen it pick up one, three, even six months out. you have to wonder is there
mester of the cleveland indians dissenting 3:15 p.m. this afternoon. this is bloomberg. >> pulling the brexit trigger. he prime minister said she'll invoke article 50 by the end of march next year. >> deutsche bank drama. lender looks to cut 1,000 jobs as it faces fresh charges in italy. for trump.imes he won release any new tax information in response to avoided his ve federal income tax year for almost two decades. welcome to bloomberg. starting to form brexit.the >> these...
76
76
Oct 4, 2016
10/16
by
BLOOMBERG
tv
eye 76
favorite 0
quote 0
have you ever seen experts like loretta mester so wrong? i think this just tells you something about how surprised everybody has been, policymakers have been, by i do not think the persistence of low inflation but how it has dragged longer-term inflation down. it is over 12 months since the fed wrote a paper saying the next forecast is not five-year, five-year, or analyst inflation, it is 2%. they cannot get us to price 2% despite that, so i think this is a challenge for the fed in terms of its mandate of what they are supposed to do. it raises this question, is the fed supposed to be raising interest rates to safer levels now because there is some economic growth, or should it wait until inflation goes up? the debate goes on. tom: jpmorgan and michael for rowley have taken this quarter ing to 3.0%. do you look at economic growth as a trend for a one off? kit: i think we have got a trend of growth trundling along at the moment. economy, the big problem in the u.s. is a lack of productivity growth and we know that the challenge is at some po
have you ever seen experts like loretta mester so wrong? i think this just tells you something about how surprised everybody has been, policymakers have been, by i do not think the persistence of low inflation but how it has dragged longer-term inflation down. it is over 12 months since the fed wrote a paper saying the next forecast is not five-year, five-year, or analyst inflation, it is 2%. they cannot get us to price 2% despite that, so i think this is a challenge for the fed in terms of its...
116
116
Oct 2, 2016
10/16
by
BLOOMBERG
tv
eye 116
favorite 0
quote 0
i will be sitting down with president mester for an exclusive interview later today. also kicking of the week in the index.he manufacturing rebound or relapse? a single look at our chart. manufacturing index is supposed to rise to 55.2 in december. that would be up from 49.4 in august. send, most important to the federal reserve in terms of its next rate hike, the september jobs are -- report. in september. also kicking off the week, here is what is on our global macro watch list. the euro area and the u.k. october 4, the reserve bank of australia meet and will make a decision on interest rates and we are wondering if they will be cutting rates again. back to the federal reserve. several fed speakers this week, including my interview. we learn that takata has received investment officers -- offers. craig list from tokyo. how are these investments in relation to the company? we know this is a years long crisis that has been detrimental to their market capitalization, to the extent that it has been detrimental, we can look at the last time that the market valued them at
i will be sitting down with president mester for an exclusive interview later today. also kicking of the week in the index.he manufacturing rebound or relapse? a single look at our chart. manufacturing index is supposed to rise to 55.2 in december. that would be up from 49.4 in august. send, most important to the federal reserve in terms of its next rate hike, the september jobs are -- report. in september. also kicking off the week, here is what is on our global macro watch list. the euro area...
202
202
Oct 4, 2016
10/16
by
CNBC
tv
eye 202
favorite 0
quote 3
mester yesterday probably the biggest talk out there saying that november, there's no reason why the case can't be made for a hike even days before the election. you don't buy that, do you? >> no. look, i think that the idea if they did something days before the election, they're really very much involved with the political environment. they fall right into donald trump's attacks. who would want to do that? and these people who are saying, listen, things are better, what has happened since the fed meeting? what numbers did we get that make you feel much more confident? that oil went up? i mean really. the economy doesn't work over a two-week, three-week period. so people who were saying that we need rate hikes are broken records at this point. they should rely and be more data dependent. if they are, there are would be nothing to talk about. i think sometimes they should give speeches and say i really have nothing to talk about. let me talk about playoffs, let me talk about the start of the season, but i don't have anything economically. but they have to say something. i don't know w
mester yesterday probably the biggest talk out there saying that november, there's no reason why the case can't be made for a hike even days before the election. you don't buy that, do you? >> no. look, i think that the idea if they did something days before the election, they're really very much involved with the political environment. they fall right into donald trump's attacks. who would want to do that? and these people who are saying, listen, things are better, what has happened...
112
112
Oct 4, 2016
10/16
by
BLOOMBERG
tv
eye 112
favorite 0
quote 0
david: he says let's get going and president mester says november. is it to expect the fed to hike before the election? >> probably not realistic. in many ways, november would be in ideal month for the hike. they have been telling us that they can hike at the conference meeting and telling us that they can hike despite the presidential election. in a way it would ring all of those promises to fruition. at the same time, the reality is there is too much risk of market turmoil and no press conference to explain the decision so it's unlikely it will happen. jonathan: the hawks are finessing their message and saying if you want this recovery be durableger and and sustainable, you need to make a move now. will that resonate with the dogs on the fomc? you are seeing more and more people who say this is not working and perhaps it's time to look the other way. more people in the market are saying that as well so it's gaining currency. as it isation is low even though it's rising and the economy not going gang dusters, the feeling is we probably need to start
david: he says let's get going and president mester says november. is it to expect the fed to hike before the election? >> probably not realistic. in many ways, november would be in ideal month for the hike. they have been telling us that they can hike at the conference meeting and telling us that they can hike despite the presidential election. in a way it would ring all of those promises to fruition. at the same time, the reality is there is too much risk of market turmoil and no press...
245
245
Oct 5, 2016
10/16
by
CNBC
tv
eye 245
favorite 0
quote 2
sounds like mester and lacker and others. >> rick just mentioned 1.71 on the 10-year, the dollar turned positive against the euro, already at the highest level against the yen since back in september of 2014. so you're seeing the dollar strength now -- sorry, september 14th, not september 2014, dollar strength, higher yields, that adds up to increasing probability that the federal reserve raises interest rates. and those on the fed to your point that are calling for it have the data to back them up. if we continue to see numbers like this, services are the biggest part of the economy. so you'll want to see that number jump in that way. >> although manufacturing ism also was a warm number. confidence last couple of weeks a warm number. question is and nobody believes this, certainly the market doesn't believe it, but whether it puts november into play given all the politics, do they have a duty to take some of this data seriously despite the distractions? >> well, they will say it is live. if you ask any fed president, november's a live meeting. it is november 2nd, it is before the elect
sounds like mester and lacker and others. >> rick just mentioned 1.71 on the 10-year, the dollar turned positive against the euro, already at the highest level against the yen since back in september of 2014. so you're seeing the dollar strength now -- sorry, september 14th, not september 2014, dollar strength, higher yields, that adds up to increasing probability that the federal reserve raises interest rates. and those on the fed to your point that are calling for it have the data to...
144
144
Oct 25, 2016
10/16
by
FBC
tv
eye 144
favorite 0
quote 0
dagen: talk to the pregnant woman in north carolina who had to change health insurer in tri mester of pregnancy. >> the young people in some of the state that is have premiums going out by triple digits. over 300% in some of the state ifs you're a young and healthy person. maria: i agree. this is the leading story of the day. fox news military analysts jack keane is with us this morning . trump victory rnc chair joins us to talk about the money end of this political race. donald trump and hillary clinton will campaign in the key state of florida today, latest poll show clinton leading. trump took time to call out latest issues in obama. next year premiums expect today skyrocket and this comes from the market, many consumers will only have one insurer according to obama administration. >> it's deny announced that americans are going to announce a double-digit spike for premium for obamacare and it doesn't work. in some areas they are paying 60, 70, 80% more than they were paying last year. maria: joining us right now trump policy adviser and ceo john, john, thanks for weighing in this
dagen: talk to the pregnant woman in north carolina who had to change health insurer in tri mester of pregnancy. >> the young people in some of the state that is have premiums going out by triple digits. over 300% in some of the state ifs you're a young and healthy person. maria: i agree. this is the leading story of the day. fox news military analysts jack keane is with us this morning . trump victory rnc chair joins us to talk about the money end of this political race. donald trump and...